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Case Study

Client: Sonic

Scenario: Lease Negotiation

Location: Sydney CBD

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Situation

Sonic own significant real estate in Macquarie Park and due to growth sought to relocate their Global Office presence into the CBD of Sydney.

Action

  • Understand the brief required by Sonic Healthcare for their Global Head Office

  • Source suitable premium grade office buildings in the CBD Core

  • Negotiate with a landlord who had a full office tower that required existing tenant negotiation

  • Introducing Sonic to spatial planning services to help define their requirements

Result

  • Securing 3,000m2 of premium office space in one of Sydney’s best buildings, “Grosvenor Place”

  • Market based incentive despite the 100% occupancy of the building

  • Meeting all the requirements for Sonic’s occupancy brief